Introducing the Grocery Rebate: Your Tax Tip of the Week!

Did you know?

The Canadian government created a grocery rebate, as part of Budget 2023, to help eligible Canadians financially. On July 5, 2023, this rebate and the subsequent quarterly GST/HST credit payment will be issued. The Grocery Rebate will be equal to twice the amount of your January 2023 GST/HST credit.

Who can get the payment?
You will receive the Grocery Rebate if you were entitled to receive the GST/HST credit for January 2023. To get the Grocery Rebate, you have to file a tax return for 2021, even if you have no income to report for that year. CRA notes that it is possible you may be entitled to the Grocery Rebate, but not the July GST/HST credit or vice versa.

Please click HERE for more information.

Have questions?

Give us a call at 905-571-2665 (BOOK)!

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Shaelene’s Tax Tip of the Week – March 8th

Books In Line

Shaelene’s Tax Tip of the Week – March 8th

Remember to…

Keep your tax return documents, even after you file: “The more organized you can be with receipts and other documentation relating to your return, the better off you’ll be if you are selected for an audit. Be prepared to produce them quickly when CRA asks to see them, and keep in mind that members of your family may be asked to offer up their own documentations as well.”

Have questions?

Give us a call at 905-571-2665 (BOOK)!

We’ve got you covered!

Tax Tip Credit Here